REG - River and Mercantile - Directorate Change

River and Mercantile UK Micro Cap InvestmentAnnouncement

26/09/2023 18:00

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RNS Number : 7341N  River & Mercantile UK Micro Cap Inv  26 September 2023

Press release

For immediate release

 

26 September 2023

 

River and Mercantile UK Micro Cap Investment Company Limited

Appointment of Director

 

The Board of River and Mercantile UK Micro Cap Investment Company Limited
("RMMC") is pleased to announce that Robert "Ted" Holmes Jr. will join the
Board of RMMC as a non-executive director with immediate effect.

 

With a career in the financial services industry spanning over 30 years, Ted
has a strong background in investment management. He has held leadership
positions with UBS Asset Management in both the US and the UK and he serves on
the board of the City of London Investment Trust. These roles have provided
him with a deep understanding of the finance industry, investment strategies
and effective corporate governance practices.

 

Prior to joining UBS, Ted worked for Ernst & Young where he earned his
Certified Public Accountant license. He has an MBA from the University of
Chicago Booth School of Business and is a qualified Chartered Financial
Analyst.

 

Commenting on the appointment, Andrew Chapman, Chairman of RMMC said, "I am
delighted to welcome Ted Holmes to the Board. He brings with him a wealth of
investment experience. Ted's appointment is part of the Board's succession
planning that ensures the Company complies with the highest standards of
corporate governance."

 

Regulatory Disclosure

 

 Current Directorships / Partnerships - Publicly Quoted  Past Directorships / Partnerships - Publicly Quoted
 The City of London Investment Trust                     None

 

There is no information concerning Ted which is required to be disclosed
pursuant to Listing Rule 9.6.13 R (2) to (6) inclusive.

 

Board Succession Plan

 

The Board also announces that Andrew Chapman will retire from the Board of
Directors at the Company's 2024 Annual General Meeting, in line with the
Company's succession plan. John Blowers, who joined the Board in 2022, will be
appointed Chairman of the Board of Directors upon Andrew's retirement.

 

-ENDS-

 

For further information please contact:

Singer Capital Markets

James Moat, Investment Banking

Tel: +44 (0)20 7496 3000

 

BNP Paribas S.A., Guernsey Branch - Company Secretary

Sharon A Williams

Tel: +44 (0) 1481 750859

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